Patrick Keniston - China Fund Chief Compliance Officer, Secretary

All Insiders . USA . 
Fund . China Fund . Money Managers . Manager . Patrick Keniston
CHN Fund  USD 13.93  0.08  0.57%   
Patrick Keniston is Fund Manager at China Fund
Mr. Patrick J. Keniston is Chief Compliance Officer of The China Fund, Inc. He is Director, Foreside Compliance Services, LLC . He was Counsel of Citi Fund Services from March 2005 to October 2008 .
Age 56
Tenure 6 years
Phone212 739 3000
Webhttps://www.chinafundinc.com

China Fund Management Performance (%)

The company has Return on Asset of 0.21 % which means that on every $100 spent on assets, it made $0.21 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (43.62) %, meaning that it generated no profit with money invested by stockholders. China Fund's management efficiency ratios could be used to measure how well China Fund manages its routine affairs as well as how well it operates its assets and liabilities.
China Fund has 2.26 M in debt with debt to equity (D/E) ratio of 0.01, which may show that the company is not taking advantage of profits from borrowing. China Fund has a current ratio of 0.07, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist China Fund until it has trouble settling it off, either with new capital or with free cash flow. So, China Fund's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like China Fund sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for China to invest in growth at high rates of return. When we think about China Fund's use of debt, we should always consider it together with cash and equity.

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The China Fund, Inc. is a closed ended equity mutual fund launched and managed by Allianz Global Investors U.S. The China Fund, Inc. was formed on April 28, 1992 and is domiciled in the United States. China Fund operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not filed under any group at the present time.

Management Performance

Return On Equity-43.62
Return On Asset0.21

China Fund Leadership Team

Elected by the shareholders, the China Fund's board of directors comprises two types of representatives: China Fund inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China Fund's management team and ensure that shareholders' interests are well served. China Fund's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, China Fund's outside directors are responsible for providing unbiased perspectives on the board's policies.
Frank Wheeler, President
George Iwanicki, Independent Director
Julian Reid, Independent Chairman of the Board
Monique Labbe, Treasurer
Patrick Keniston, Chief Compliance Officer, Secretary
Richard Silver, Independent Director
Linda Coughlin, Independent Director

China Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is China Fund a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity-43.62
Return On Asset0.21
Operating Margin22.49 %
Current Valuation123.74 M
Shares Outstanding10.44 M
Shares Owned By Insiders0.66 %
Shares Owned By Institutions71.01 %
Number Of Shares Shorted3.91 K
Price To Earning11.11 X
Price To Book0.80 X

Pair Trading with China Fund

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Fund position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Fund will appreciate offsetting losses from the drop in the long position's value.

Moving against China Fund

  0.55GUMAX Guggenheim Market NeutralPairCorr
  0.42FAFGX American FundsPairCorr
  0.42FFAFX American FundsPairCorr
The ability to find closely correlated positions to China Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Fund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Fund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Fund to buy it.
The correlation of China Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Fund can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in China Fund

China Fund financial ratios help investors to determine whether China Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in China with respect to the benefits of owning China Fund security.
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